History

Doosan Infracore, with over 70 years of history, has strived to
take another giant leap forward by improving its competitiveness and
securing new growth engines through global M&A activities, since
becoming a member of Doosan Group in 2005.

1937 ~ 2004 Establishment and Development

1937

Established Chosun Machine Works

Doosan Infracore began its life in 1937 as Chosun Machine Works. The company, Korea’s first large-scale machinery factory, was set up in Incheon, becoming a state-run enterprise and being renamed Korea Machinery Industries Corp. in 1963. Then, it made contributions to Korea’s industrial modernization.

1966

Korea Machinery Industries Corp. listed on the Korea Stock Market

1975

Completed the construction of Incheon Diesel Engine Factory

Doosan Infracore invested a total of KRW 28.8 billion worth of local and foreign funds (including a public loan worth D.M 41 million and a commercial loan worth D.M 30 million from Germany) in constructing the largest diesel engine factory in Asia at that time with a yearly production capacity of 60,000 units in a reclaimed coastal area near its Incheon plant site.

1986

Started mass production of Doosan’s own excavator model

In the area of construction equipment, Doosan Infracore embarked upon the development of its own excavators in 1983 and succeeded in developing the ‘SOLAR’ series at the end of 1985. The company exported its SOLAR series excavators to the Netherlands in 1987, the first ever shipment of Korean heavy equipment overseas.

1990

Established Doosan Infracore Europe S.A. in Belgium

Doosan Infracore completed the construction of its first overseas plant with an annual production capacity of 2,500 excavators on a 82,000㎡ site in Frameries, Belgium.

1994

Established Doosan Infracore Suzhou Co., Ltd. in China

Doosan Infracore was the first Korean heavy machine firm to set up an excavator and forklift manufacturing subsidiary in China. The subsidiary maintains dominant position in the current Chinese excavator market.

1998

Established Doosan Infracore America Corp.

Doosan Infracore set up its subsidiary in the United States to deliver locally customized products.

Doosan Infracore acquired Yantai Yuhua Machinery, a wheel loader manufacturer in Yantai in Shandong province of China and thereby secured a wheel loader production base and a permit to enter the wheel loader market that accounted for 40% of the Chinese construction equipment market.

Doosan Infracore jumped to 7th place in the world construction equipment by acquiring Bobcat, etc., in November 2007. Bobcat has the world’s highest level of competitiveness in the area of small construction equipment.

Awarded the USD 2 Billion Export Tower on the Trade Day

Doosan Infracore expanded its exports from USD 1.25 billion in 2005 to USD 2.165 billion in 2007 by almost two-fold within two years and was awarded the USD 2 Billion Export Tower on the 44th Trade Day.

2008

Doosan Infracore acquired Moxy Engineering A.S., which has developed the world’s first ADT and secured related original technologies, to successfully advance into the large-sized mining equipment market.

Completed the construction of a wheel loader manufacturer in China

Doosan Infracore completed the construction of a wheel loader plant on a 110,000 m2 site in Muping Qu, Yantai in Shandong province to provide wheel loaders to both China and global markets.

2010

Completed the construction of Gunsan Construction Equipment Plant

Doosan Infracore completed the construction of a construction equipment plant on a 610,000㎡ site in the Gunsan Industrial Complex, which has a yearly production capacity of over 4,000 large units, including six types of excavators and four types of wheel loaders.

2011

The industrial vehicle division was spun off from Doosan Infracore to be reborn as Doosan Industrial Vehicle Co.

2012

Completed the construction of Compact Diesel Engine Plant in Incheon

Doosan Infracore completed the construction of a compact diesel engine factory on a 14,000㎡ site in Hwasu-dong, Incheon, which can manufacture 100,000 engines of three types (1.8L, 2.4L and 3.4L) a year. Tier 4 Final compact engines from the plant are also mounted in Bobcat compact equipment.

2013

Completed the construction of Wheel Loader R&D Center in China

DICC (Shandong) completed the construction of a wheel loader R&D center, the first among foreign companies in China, and thereby was able to quickly respond to clients’ needs, as well as to develop locally customized products in the fast changing Chinese wheel loader market.

Completed the Construction Equipment Factory in Brazil

Doosan Infracore completed the construction of an excavator plant with a yearly production capacity of 1,500 units in Sao Paulo to make inroads into Brazil, the largest construction equipment market in South America.

2014

Established Doosan Infracore Bobcat Holdings Co., Ltd. (DIBH)

Doosan Infracore established Doosan Infracore Bobcat Holdings Co., Ltd. (DIBH), an intermediate holding company, to pursue more efficient business operations in North America and Europe.

Completed the construction of Global R&D Center in Incheon

Doosan Infracore completed the construction of its new Global R&D Center – a 12-storey building with two additional basement floors, a total floor space of 26,163㎡, and the capacity to accommodate 1,000 R&D personnel – within the premises of its plant in Hwasu-dong, Incheon, Korea.

Completed the construction of Bobcat Acceleration Center in North Dakota, USA

Doosan Infracore completed the construction of the Acceleration Center, an integrated two-storey research facility with a total floor area of 18,000㎡, at its Bismarck Plant, North Dakota, USA. The center is designed to accelerate the company’s technological breakthroughs and innovations in the area of compact construction equipment.

Completed the construction of Innovation Center in Dobris, Czech Republic

Doosan Infracore completed the construction of the Innovation Center, which is dedicated to technological development and support for testing carried out throughout Europe, in Dobris, Czech Republic.

2015

Doosan Infracore received certification for its inclusion in the DJSI Asia-Pacific at the International Conference for Dow Jones Sustainable Management Index 2015 for the 5th year running.

Incheon and Gunsan Plants Receive ‘Safety Zone Certificates’

Doosan Infracore’s Incheon and Gunsan plants have each won a ‘Safety Zone Certificate’ from the Korea Institute of Safety Certification for their excellence in the prevention of industrial accidents and the promotion of safety measures.

In November 2015, Doosan Infracore Bobcat Holdings changed its name to Doosan Bobcat.

2016

Completed the construction of Advanced Excavator Factory in Incheon

The advanced factory’s entire production processes, including material flow and handling, have been redesigned to ensure optimal quality and performance. It has also completed the construction of the comprehensive system required to perfect its manufacturing quality with the installation of the Foolproof and Andon systems.

Doosan Bobcat listed on the Korean Stock Market

Doosan Bobcat, the world’s leading manufacturer of compact construction equipment, went public on the Korean stock market, thereby paving the way for its contribution to the internationalization of the country’s capital market, while gaining the momentum for even more impressive corporate development and growth based on an objective evaluation of its corporate value in the financial market.

The company has signed contracts to supply G2 engines to most agricultural machinery machinery manufacturers in Korea, including Daedong Industrial and Kukje Machinery.

Rolled out bus no. 1 loaded with EURO 6 Diesel Engine

The company has developed a diesel engine that not only meets EURO 6, the latest emissions standard of the EU, but also achieves fuel economy that is superior to any existing product currently on the market.